Phillips Academy, better known as Andover, concluded the largest
fund-raising campaign in independent school history this month,
reporting a total of $208.9 million in gifts and pledges for specific
campaign priorities received throughout the six-year endeavor. It
is the first independent school campaign to top $200 million.
Andover was launched in 1996 to raise funds for endowment, faculty
salaries, facilities, financial aid scholarships and technology.
Facility projects funded by the campaign include a new admission
center and a new hockey rink, renovation and expansion of Cochran
Chapel, new faculty apartments in a number of renovated dormitories
and a $28 million science center, currently under construction.
magnificent philanthropic effort, Campaign Andover has strengthened
this great old school to its bedrock," said David M. Underwood,
campaign chairman and president of the Board of Trustees. "Some
17,000 loyal and generous alumni, parents and friends made gifts
to the campaign."
addition to the total of $208.9 million for campaign priorities,
Andover received $7.7 million in non-campaign gifts during this
time to build a new stadium and to provide the academy and its museums
and libraries with donations of artwork, equipment and rare books.
The school also received $16 million in revocable trusts and bequest
intentions that are not included in the campaign total but will
provide vital funding for the school in years to come.
success of Campaign Andover has strengthened the educational program
in all its aspects - academic, residential and athletic," said
Head of School Barbara Landis Chase. "The campaign has enabled
us to maintain our leadership position in faculty salaries and financial
aid scholarships and to make facilities improvements that will serve
our students and teachers well into the future. "
Andover is the largest independent school fund-raising effort to
conclude since Deerfield Academy, Deerfield, Mass., wrapped up its
impressive $156 million fund-raising campaign in June 2001.
Academy is an independent coeducational high school of 1,070 students,
known for its rigorous academics and for a diverse student and teaching
community. The academy is located in Andover, Mass., 25 miles north
of Boston. Notable alumni include former President George Bush,
President George W. Bush, U.S. Rep. Patrick J. Kennedy, DR.I.,
U.S. Sen. Lincoln D. Chafee, RR.I., and New England Patriots
Coach Bill Belichick.